Meta has launched its second AI startup accelerator in Europe to support startups integrating open-source AI models. Partnering with Hugging Face and Scaleway, the initiative aims to provide technical mentoring, access to AI infrastructure, and resources from STATION F in Paris.
Nick Clegg, Meta's President of Global Affairs, highlighted the imbalance in the AI market, stating that 'All the big AI companies are Chinese and American.' This accelerator is seen as a step towards addressing this concern by fostering innovation among European developers.
Despite recent challenges, including the pause of launching GenAI models in Europe due to data privacy concerns, Meta remains committed to driving AI innovation in the EU. The partnership with Scaleway and Hugging Face underscores Meta's dedication to supporting the European tech ecosystem.
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